Introduction to Stochastic Processes (Probability) Book + PRICE WATCH * Amazon pricing is not included in price watch

Introduction to Stochastic Processes (Probability) Book

This concise, informal introduction to stochastic processes evolving with time was designed to meet the needs of graduate students not only in mathematics and statistics, but in the many fields in which the concepts presented are important, including computer science, economics, business, biological science, psychology, and engineering. With emphasis on fundamental mathematical ideas rather than proofs or detailed applications, the treatment introduces the following topics:·Markov chains, with focus on the relationship between the convergence to equilibrium and the size of the eigenvalues of the stochastic matrix·Infinite state space, including the ideas of transience, null recurrence and positive recurrence·The three main types of continual time Markov chains and optimal stopping of read more...
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